Liquid Assets = 0.75 * 1,80,000 = 1,35,000. Current Assets = Liquid Assets + Inventory + Prepaid Expenses = 1,35,000 + 47,250 + 20,000 = 2,02,250. Current Ratio = 2,02,250 / 1,80,000 = 1.12 : 1 approximately.
Calculate Current Ratio from the following given information. Liquid Ratio 0.75 : 1 Current Liabilities Rs. 1,80,000 Prepaid Expenses Rs. 20,000…
CUET UG 2022 — Accountancy Financial Statements
2022mcqmedium
Calculate Current Ratio from the following given information.
Liquid Ratio 0.75 : 1
Current Liabilities Rs. 1,80,000
Prepaid Expenses Rs. 20,000
Inventory Rs. 47,250
Official previous-year question
Held on 20 Jul 2022 · Verified 13 Jul 2026.
Options
- A
2 : 1
- B
1.25 : 1
- C
0.38 : 1
- D
1.12 : 1
Did you get this right?
Sign in to track your attempts and accuracy.
Your note
Sign in to keep a private note on this question. Nothing you write is ever public.
CUET UG Financial Statements in other years
More CUET UG Financial Statements questions
Match List-I with List-II | List-I | List-II | |---|---| | (A) SHAREHOLDERS FUND | (I) Non-current investments | | (B) CURRENT LIABILITIES | (II) Reserves and Surplus | | (C) CURRENT ASSET | (III) Trade Payables | | (D) FIXED ASSET | (IV) Inventories | Choose the correct answer from the options given below:
2025easy
Arrange different items of Balance Sheet as per revised Schedule III to the Companies Act, 2013- (A) Shareholder's Funds (B) Non-Current Assets (C) Current Liabilities (D) Share Application money pending allotment (E) Current Assets Choose the correct answer from the options given below:
2025medium
Auditor issues Annual report of company refering to___.
2025easy
Profit after tax and interest is Rs 1,60,000. Tax rate is 20% 10% long term borrowing is Rs 20,00,000 Find profit before tax and after interest
2025easy
'Vertical analysis' is also known as: (A) Ratio Analysis (B) Cash Flow Analysis (C) Comparative Statement Analysis (D) Common Size Statement Analysis Choose the correct answer from the options given below:
2025easy
Other Accountancy topics for CUET UG
Keep practicing Financial Statements
Work through every CUET UG Financial Statements PYQ, year by year.